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Battery Testing Equipment Rental Market Forecast 2025-2034, with Profiles of Avalon Test Equipment, Electro Rent, Transcat, Brandis Hire, Alpine, DNJ Energy, RCC Electronics, LOTTE Rental, & Powerent
GlobeNewswire News Room· 2025-07-15 15:16
Market Overview - The Battery Testing Equipment Rental Market is crucial for industries involved in battery development, manufacturing, and deployment, particularly for electric vehicles (EVs), consumer electronics, and renewable energy storage systems [2][4] - The market is currently in a growth stage, driven by the increasing demand for specialized testing solutions to assess advanced battery technologies [5][6] Technological Advancements - Key technologies in the market include cyclers, impedance testers, thermal chambers, and battery analyzers, which are essential for evaluating battery performance and durability [4] - Continuous technological advancements are enhancing testing accuracy, efficiency, and speed, further propelling market demand [4][6] Market Dynamics - The global battery testing equipment rental market is expected to grow from an estimated value of $967.6 million in 2025 to $2.32 billion by 2034, with a compound annual growth rate (CAGR) of 10.2% [9] - Demand drivers include the growing demand for electric vehicles and advancements in battery chemistry [7][8] Competitive Landscape - The market is seeing increased competition as it matures, with more players entering, which may lead to innovation in testing solutions and pricing strategies [6] - Prominent companies in the battery testing equipment rental market include Advanced Test Equipment Corp., Avalon Test Equipment, Electro Rent, and others [12][17] Application Segmentation - The market is segmented by application, including electric vehicle research and development, energy storage power station operation and maintenance, and battery recycling and testing [17]
Why Is United Rentals (URI) Up 8.7% Since Last Earnings Report?
ZACKS· 2025-05-23 16:36
Core Viewpoint - United Rentals (URI) shares have increased by approximately 8.7% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Estimates Movement - Estimates for United Rentals have trended downward over the past month, indicating a negative shift in expectations [2] VGM Scores - United Rentals holds a Growth Score of B, a Momentum Score of D, and a Value Score of B, placing it in the top 40% for the value investment strategy, resulting in an overall aggregate VGM Score of B [3] Outlook - The downward trend in estimates suggests a potential for an in-line return from United Rentals in the coming months, with a Zacks Rank of 3 (Hold) indicating a neutral outlook [4]
H&E Rentals Provides Update on Quarterly Cash Dividend
Globenewswire· 2025-05-19 11:00
Core Viewpoint - H&E Equipment Services, Inc. has decided not to declare a regular quarterly cash dividend for June 2025 due to ongoing progress with its merger with Herc Holdings, Inc., expected to close in early June 2025 [1] Company Overview - H&E Equipment Services, Inc. is one of the largest rental equipment companies in the United States, founded in 1961 [2] - The company's fleet includes aerial work platforms, earthmoving, material handling, and other general and specialty lines [2] - H&E serves diverse end markets across high-growth geographies with branches throughout various regions including the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest, and Mid-Atlantic [2]
WillScot (WSC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-01 23:35
Core Insights - WillScot (WSC) reported a revenue of $559.55 million for the quarter ended March 2025, reflecting a decrease of 4.7% year-over-year and a slight miss of 0.48% against the Zacks Consensus Estimate of $562.22 million [1] - The earnings per share (EPS) for the quarter was $0.24, down from $0.29 in the same quarter last year, resulting in an EPS surprise of -14.29% compared to the consensus estimate of $0.28 [1] Revenue Breakdown - Leasing revenue amounted to $434.39 million, which was below the average estimate of $448.46 million, marking a year-over-year decline of 5.7% [4] - Delivery and installation revenue was reported at $88.66 million, slightly above the estimated $88.54 million, but down 11.7% from the previous year [4] - Total leasing and services revenue was $523.05 million, compared to the average estimate of $537.01 million [4] - Sales revenue from rental units was $14.06 million, below the estimated $14.45 million, but showed a year-over-year increase of 10.6% [4] - Sales revenue from new units reached $22.44 million, significantly exceeding the average estimate of $16.10 million, representing a year-over-year growth of 66.2% [4] Stock Performance - Over the past month, WillScot's shares have declined by 13.4%, contrasting with a minor decrease of 0.7% in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]